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UN: Iris scans for food ethiopia-to-mandate-digital-id-for-banking-operations The National Bank of Ethiopia has announced a joint initiative with the National ID Program to leverage the country’s digital ID system Fayda. Through the initiative, Fayda will be the primary identification for all financial institution transactions, according to Biometric Update. The ambitious plan aims to enroll all bank customers on the digital ID platform by 2024, as part of the government’s push for

The plan to use the Fayda as primary ID for banking operations will significantly improve transparency, stability and security in Ethiopia’s financial sector.

The House of Peoples’ Representatives has ratified the draft Digital Identity Proclamation with a view to establishing a uniform and reliable identity registration system which will be applied across the country.

2merkato provides business information for investors, suppliers, buyers, traders who are engaged or want to engage in business activities in Ethiopia.

Addis Ababa, August 16, 2022 - On the 14th of August 2022, The Federal Democratic Republic of Ethiopia (FDRE) Council of Ministers unanimously approved the Ethiopian Digital Identification Proclamation on its 11th regular meeting.The lack of a foundational identification system in the country has been challenging for both government and private institutions in uniquely